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National Pension System: all central government personnel must submit their requests for partial withdrawal as applications through their affiliated nodal offices
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PFRDA has announced that going forward, subscribers will need to provide nodal officers with supporting documentation to explain the reasons for partial withdrawal.
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New bank locker rules: the Reserve Bank of India has advised all major banks to issue the locker agreement to its holders before that date.
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According to the new regulations, the central bank stated that all banks must distribute a revised locker agreement to their safe deposit locker holders.
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Credit card rules : State Bank of India Cards & Payment Services has modified two of its policies regarding the use of reward points and vouchers.
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Instead of 10X Reward Points, users will now receive 5X Reward Points for their Amazon.in online purchases.
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Before selling the plans, the insurer has stated that it will carefully examine the KYC documents provided by the policyholders.
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Passbook copies not accepted for mutual fund schemes: If a bank passbook copy is provided as address verification to KYC process, the applications will be refused.
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Bank statements, however, may be accepted for the KYC procedure for Hindu-undivided family (HUF) organisations.